Analysis of the Bottleneck Restricting Party Building of China’s State-Owned Commercial Banks in the New Era

Abstract

Since the 18th CPC National Congress, socialism with Chinese characteristics has ushered in a new era, so has China's financial industry. As the reform of state-owned commercial banks deepens, party-building plays an increasingly vital role in the operation and development of banks. Meanwhile, party-building of state-owned commercial banks is also confronted with bottlenecks and challenges, including party-building fails to effectively guide the finance industry to serve the real economy, to be integrated into bank management in-depth, to completely prevent the financial system from corrupting, and to vigorously restrain excessive pay in the financial sector.